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A bond pays a semi-annual coupon at an APR of 9.50%. The bond will mature in 9.00 years and has a face value of $1,000.00.
A bond pays a semi-annual coupon at an APR of 9.50%. The bond will mature in 9.00 years and has a face value of $1,000.00. The bond has a yield-to-maturity of 12.04% APR. What is the current yield for the bond? Does this bond trade at a DISCOUNT or a PREMIUM?
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